Discover Financial

DISCOVER FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Discover Financial Services - DFS

Retrieved on: 
월요일, 5월 13, 2024
Class Action Lawsuit, Professional Services, Legal, Capital One, KSF, Discover Financial, DFS, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Discover Financial Services (NYSE: DFS) to Capital One Financial Corporation (NYSE: COF).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Discover Financial Services (NYSE: DFS) to Capital One Financial Corporation (NYSE: COF).
  • Under the terms of the proposed transaction, shareholders of Discover will receive 1.0192 shares of Capital One for each share of Discover that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

PhotonPay and Discover® Global Network Connect to Launch PhotonPay Commercial Card

Retrieved on: 
목요일, 5월 9, 2024
Global Television Network, Platform as a service, Collection, B2C, API, Fintech, Greater, Discover Financial, FX, Online shopping

New York, NY, May 09, 2024 (GLOBE NEWSWIRE) -- PhotonPay, a pioneering global payment PaaS platform and digital financial infrastructure, and Discover® Global Network , the payment brand of Discover Financial Services, to launch the PhotonPay Commercial Card.

Key Points: 
  • New York, NY, May 09, 2024 (GLOBE NEWSWIRE) -- PhotonPay, a pioneering global payment PaaS platform and digital financial infrastructure, and Discover® Global Network , the payment brand of Discover Financial Services, to launch the PhotonPay Commercial Card.
  • PhotonPay believes that the issuance of the PhotonPay Commercial Card will enable cross-border businesses to become more secure, efficient and convenient in the global payment process.
  • We are delighted to collaborate with Discover® Global Network to launch the commercial card.
  • The introduction of the Commercial Card by PhotonPay, as the pioneer fintech card issuer in the Greater China region of Discover® Global Network, marks a crucial step towards accelerating the global payment experience.

Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

Retrieved on: 
수요일, 4월 17, 2024
Banking, Professional Services, Finance, Payment, DFS, Central Time, Investment, Digital banking, Risk management, Digital, Club, Discover Financial, Delinquent, Capital One, Interest, Bank

The comparative prior quarter ended March 31, 2023 has been restated as disclosed in the Company's Financial Data Supplement on Form 8-K for the second quarter 2023

Key Points: 
  • The comparative prior quarter ended March 31, 2023 has been restated as disclosed in the Company's Financial Data Supplement on Form 8-K for the second quarter 2023
    Discover Financial Services (NYSE: DFS) today reported net income of $308 million or $1.10 per diluted share for the first quarter of 2024, as compared to a net income of $968 million or $3.55 per diluted share for the first quarter of 2023.
  • Net interest income for the quarter increased $355 million, or 11%, driven by higher average receivables partially offset by net interest margin compression.
  • Payment Services pretax income of $82 million was up $35 million year-over-year primarily driven by increased PULSE revenue and first quarter 2023 net losses on equity investments.
  • The company will host a conference call to discuss its fourth quarter results on Thursday, April 18, 2024, at 7:00 a.m. Central Time.

Ally Financial names Michael Rhodes as CEO

Retrieved on: 
수요일, 3월 27, 2024
Bank of America, Discover Card, Merchant services, Toronto-Dominion Bank, Telephone, University, Trustee, Duke University, Bank, Artificial intelligence, MBNA, Do It Right, Ally Financial, Head, Shared services, Discover Financial, Espresso, Engineering, Management

CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) announced today that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024. He will also be appointed as a member of Ally's board of directors at that time.

Key Points: 
  • With more than two decades of experience in consumer banking, Rhodes poised to lead Ally into the next stage of its evolution
    CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) announced today that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024.
  • "After an exhaustive search process, the Board has chosen Michael to lead Ally into the next stage of its evolution.
  • Rhodes most recently served as CEO of Discover Financial Services and was a member of the company's board of directors.
  • Doug Timmerman, Ally's President of Dealer Financial Services, has been serving as interim CEO since Brown's departure.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates HRT, DFS, COF, KNTE

Retrieved on: 
토요일, 2월 24, 2024
Capital One, Fraud, Discover Financial, Sale, General Atlantic, Advertising, Capital, HireRight, Security (finance)

If you are a HireRight shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a HireRight shareholder, click here to learn more about your rights and options .
  • Discover Financial Services (NYSE: DFS)’s sale to Capital One Financial Corporation for 1.0192 Capital One shares for each Discover share.
  • If you are a Discover shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues Investigating the Merger – KAMN, ERF, DFS, KNTE

Retrieved on: 
금요일, 2월 23, 2024
KNTE, Financial services, Empire, Capital One, KAMN, Investment management, Discover Financial, Sale, DFS, ERF, Security (finance)

NEW YORK, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

Key Points: 
  • NEW YORK, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
  • Under the terms of the agreement, KAMN shareholders are expected to receive $46.00 in cash per share they own.
  • Enerplus Corp. (NYSE: ERF ), relating to its proposed merger with Chord Energy Corp.
  • Before you hire a law firm, you should talk to a lawyer and ask:
    Do you recover money for shareholders?

Kuehn Law Encourages VZIO, DOOR, COF, and FREE Investors to Contact Law Firm

Retrieved on: 
화요일, 2월 20, 2024
VIZIO, Capital One, Owens Corning, Advertising, Capital, Human, PLLC, Discover Financial, Walmart, Security (finance)

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.

Key Points: 
  • NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.
  • Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.
  • Concerned shareholders are encouraged to contact Justin Kuehn, Esq., at [email protected] or call (833) 672-0814.
  • Kuehn Law covers all case costs and does not charge its investor clients.

DFS Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Discover Financial Services With Capital One

Retrieved on: 
화요일, 2월 20, 2024
Seeking Alpha, Capital, Discover Financial, DFS, Publishing, Capital One, Wohl

MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Discover Financial Services (NYSE: DFS) (“Discover”) with Capital One (“Capital One”) in an all-stock transaction.

Key Points: 
  • MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Discover Financial Services (NYSE: DFS) (“Discover”) with Capital One (“Capital One”) in an all-stock transaction.
  • Under the terms of the deal, each Discover shareholder will receive 1.0192 shares of Capital One, which values Discover at nearly $140.00 per share based on Capital One’s closing price on February 16, 2024.
  • On February 19, 2024, Discover announced that it had agreed to merge with Capital One in an all-stock transaction.
  • “We are investigating whether the Discover Board of Directors acted in the best interests of Discover shareholders in approving the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

Green Dot Appoints Melissa Douros as Chief Product Officer

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수요일, 3월 6, 2024
Banking, Fintech, Professional Services, Finance, Growth, Melissa, Discover Financial, GDOT, Green Dot Corporation, As a service, Great Wolf Resorts, E*TRADE, 3D printing

Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Melissa Douros as Chief Product Officer.

Key Points: 
  • Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Melissa Douros as Chief Product Officer.
  • Douros will lead Green Dot’s product design and development team with a focus on building simple, seamless and useful tools for Green Dot’s customers and growing list of world-class banking-as-a-service (BaaS) and embedded finance partners.
  • “Melissa is a visionary product leader with deep experience in digital transformation strategy that will be instrumental in driving Green Dot forward as we continue building our platform to best serve the financial needs of businesses and consumers,” said George Gresham, Chief Executive Officer, Green Dot Corporation.
  • “The financial products and solutions Green Dot is building are shaping the way people interact with their money and elevate the financial experience for both businesses and consumers,” said Douros.

DISCOVER FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Discover Financial Services - DFS

Retrieved on: 
수요일, 2월 21, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, Capital One, Discover Financial, DFS, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Discover Financial Services (NYSE: DFS) to Capital One Financial Corporation (NYSE: COF).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Discover Financial Services (NYSE: DFS) to Capital One Financial Corporation (NYSE: COF).
  • Under the terms of the proposed transaction, shareholders of Discover will receive 1.0192 shares of Capital One for each share of Discover that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .